U.S.: Reclaimed Rubber Market 2024

Reclaimed Rubber Market Size in the U.S.

The U.S. reclaimed rubber market expanded remarkably to $X in 2021, picking up by 12% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Reclaimed Rubber Production in the U.S.

In value terms, reclaimed rubber production totaled $X in 2021. The total output value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 53%. Reclaimed rubber production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Reclaimed Rubber Exports

Exports from the U.S.

In 2021, shipments abroad of reclaimed rubber decreased by -8.8% to X tons, falling for the second year in a row after four years of growth. Overall, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 115%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, reclaimed rubber exports shrank to $X in 2021. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 65% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Thailand (X tons) and South Korea (X tons) were the main destinations of reclaimed rubber exports from the United States, together accounting for 86% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +151.9%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) emerged as the key foreign market for reclaimed rubber exports from the United States, comprising 50% of total exports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total exports. It was followed by Japan, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+86.1% per year) and Japan (-9.8% per year).

Export Prices by Country

In 2021, the average reclaimed rubber export price amounted to $X per ton, flattening at the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.6%), while the prices for the other major destinations experienced a decline.

Reclaimed Rubber Imports

Imports into the U.S.

In 2021, approx. X tons of reclaimed rubber were imported into the United States; picking up by 6.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 with an increase of 15% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, reclaimed rubber imports soared to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of reclaimed rubber to the United States, accounting for a 72% share of total imports. Moreover, reclaimed rubber imports from Canada exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.6% per year) and China (-7.8% per year).

In value terms, Canada ($X) constituted the largest supplier of reclaimed rubber to the United States, comprising 67% of total imports. The second position in the ranking was held by India ($X), with a 19% share of total imports. It was followed by China, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-3.1% per year) and China (-11.9% per year).

Import Prices by Country

In 2021, the average reclaimed rubber import price amounted to $X per ton, growing by 18% against the previous year. Over the period under review, the import price, however, saw a slight descent. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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